Hi Furniture Limited - Period Ending 2013-12-31

Registration number: 06741514

Hi Furniture Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

Hi Furniture Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Hi Furniture Limited
(Registration number: 06741514)
Abbreviated Balance Sheet at 31 December 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					17,219			-
Current assets
Debtors					59,023			43,340
Cash at bank and in hand					72,266			127,605
					131,289			170,945
Creditors: Amounts falling due within one year					(55,816)			(92,129)
Net current assets					75,473			78,816
Net assets					92,692			78,816
Capital and reserves
Called up share capital		3			2			1
Profit and loss account					92,634			78,815
Balance sheet suspense					56			-
Shareholders' funds					92,692			78,816

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 20 August 2014

.........................................
AJ Temperton
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Hi Furniture Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% per annum decreasing

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		20,999			20,999
At 31 December 2013		20,999			20,999
Depreciation
Charge for the year		3,780			3,780
At 31 December 2013		3,780			3,780
Net book value
At 31 December 2013		17,219			17,219

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1
Ordinary A shares of £1 (2012 - £0.00) each		1			1			-			-

Page 2

Hi Furniture Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

2

2

1

1

New shares allotted

During the year 1 Ordinary A shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1. new class.

Page 3